05 October, 2024
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Israel’s economy slumps 19.4 percent in the fourth quarter as war takes a toll

London CNN  —  Israel’s output contracted sharply in the final three months of 2023, falling for the first time in nearly two years, as the war with Hamas takes a heavy toll on the economy. Gross domestic product (GDP) plunged 19.4 percent on an annualized basis compared with the July-to-September quarter, when it grew by …

The post Israel’s economy slumps 19.4 percent in the fourth quarter as war takes a toll appeared first on Egypt Independent.

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